Admission to the ConceptNursery is selective and prospective resident companies must be willing to convince the selection committee why their technology product/service/concept has what it takes to succeed. Companies/entrepreneurs seeking admission to the Incubator must be in possession of the following for first stage screening:

>> Business Plan/Executive Summary
>> Company product/service literature with descriptions
>> Founder member/management team biographies
>> Realistic financial projections

Tenant Acceptance Criteria

>> Innovative technology product/service with a sound business/revenue model
>> Business Plan/Executive Summary
>> Sound Management and/or product development team - clear integrity and management ability of the business owner
>> Product/service, which is less than 18 months from market
>> Minimum six months of working capital
>> Realistic financials demonstrating achievable revenues and or clear path to profitability

Tenant Admissions Process

>> Company/Entrepreneur submits Business Plan/Executive Summary
>> 15-20 minute Power Point Presentation to ConceptNursery Selection Committee on business concept. Entrepreneurs/Companies will be expected to have the following areas presented in detail:

Product/Service business concept
Demonstrate market need for concept
Solution offered
Target customers
Management Bios
Milestones achieved/will achieve

The approval process can take as long as four weeks. This is largely dependent on the preparedness of the prospective company/entrepreneur. Applicants are encouraged to be ready to follow through with the process before applying to the incubator. After successful completion of the admission process, the time between approval and the actual move-in date is flexible and can be usually completed in under one week.

Graduation Policy and Outcomes

ConceptNursery considers 3 main ways in which an entrepreneur/company successfully graduates from the Incubator and takes place when agreed milestones have been met and the resident company has reached the planned graduation point in their business development cycle. A resident company will be considered as graduated based on the following:

>> Follow on Investment: The entrepreneur/company exits the Incubator with Capital funding in order to broad base their activities.

>> Trade Sale: The planned graduation for some clients will be a trade sale to a large corporation or company who can take advantage of the company's technology to build their portfolio and business.

>> Independent Sale: It may be the case that through the incubation process, a business has become sustainable through the development of a substantial revenue base and a combination of additional debt and or equity.

Our Requirements

Resident Service Fees -Resident companies pay monthly fees that are considerably less than the prevailing market rates for such services.

Equity - The ConceptNursery takes a percentage equity interest in every new resident company on top of the monthly service fee.